Southern Asia: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2025

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Southern Asia

In 2021, the South Asian market for tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -1.5% to $X for the first time since 2011, thus ending a nine-year rising trend. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.8% against 2012 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined slightly in the following year.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Southern Asia

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone contracted modestly to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.2% against 2012 indices. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then reduced slightly in the following year.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports in Southern Asia

Exports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to X tons in 2021, increasing by 97% compared with 2020 figures. In general, exports posted significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 199% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone soared to $X in 2021. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 231%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from India (X tons), together finishing at 100% of total export.

India was also the fastest-growing in terms of the tiles, flagstones and similar articles of cement, concrete or artificial stone exports, with a CAGR of +35.5% from 2012 to 2021. India (+12 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India totaled +40.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, shrinking by -3.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2014 when the export price increased by 35% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then shrank slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +3.7% per year.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports in Southern Asia

For the third year in a row, Southern Asia recorded growth in overseas purchases of tiles, flagstones and similar articles of cement, concrete or artificial stone, which increased by 67% to X tons in 2021. Over the period under review, imports recorded a moderate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. In general, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) was the key importer of tiles, flagstones and similar articles of cement, concrete or artificial stone, making up 53% of total imports. It was distantly followed by Maldives (X tons), Pakistan (X tons) and Sri Lanka (X tons), together achieving a 42% share of total imports. Bangladesh (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +45.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported tiles, flagstones and similar articles of cement, concrete or artificial stone in Southern Asia, comprising 61% of total imports. The second position in the ranking was taken by Maldives ($X), with a 24% share of total imports. It was followed by Pakistan, with a 6.8% share.

In India, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone increased at an average annual rate of +16.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (+10.5% per year) and Pakistan (+36.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 21% against the previous year. Import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 31% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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